Quote:So hp gets a pass for the tech bubble but trump mortgage is on the hook for tge housing bubble? Huh.

 

Nobody's getting a "pass".  To quote TRM (the bold parts are mine).

 

Quote:...

 

Trump Mortgage 

In the spring of 2006, the tycoon hosted a glitzy event at Trump Tower to introduce Trump Mortgage LLC, ...

“I think it’s a great time to start a mortgage company,”  Trump told a CNBC interviewer in April 2006, adding that “the real estate market is going to be very strong for a long time to come.”Recently, as a candidate, Trump has presented himself as a truth teller who sounded an early alarm about the pending mortgage crisis. He told MSNBC last July that he had known the housing market “was a bubble that was waiting to explode.

 

 

So which one is the truth?  Is it that he was so savvy that he said in 2006 that real estate was a good investment, or him saying in hindsight that he knew that it was a bubble waiting to explode?

 

I haven't really looked into Trump Mortgage LLC yet, but it would be interesting to see the number of sub-prime mortgages made at the time, and if the company actually held on to the mortgages or sold them off.  My bet is the latter in other words, preying on the ill-informed borrower to make money.

---